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Former Prudential Securities CEO Says Crypto is an Effective Hedge Against Currency Debasement
Summary: George Ball, former Prudential Securities CEO, believes cryptocurrencies like Bitcoin are an “attractive” part of a well-balanced portfolio. He believes investors would be prudent to allocate a “small part” of their portfolio to cryptocurrencies. "With the cryptocurrencies, I think there is a fundamental hydra-headed shift that makes them attractive as a part, a small part, ...
George Ball, former Prudential Securities CEO, believes cryptocurrencies like Bitcoin are an “attractive” part of a well-balanced portfolio. He believes investors would be prudent to allocate a “small part” of their portfolio to cryptocurrencies.
"With the cryptocurrencies, I think there is a fundamental hydra-headed shift that makes them attractive as a part, a small part, of almost any portfolio.” If higher inflation leads to currency debasement over the long term, Ball said, “then the cryptocurrencies have a great deal of allure.”
By Amy Liu
Tags: Crypto,George Ball,Hedge
Link: Former Prudential Securities CEO Says Crypto is an Effective Hedge Against Currency Debasement [Copy]
